Concentric Wealth Management LLC Has $4.30 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Concentric Wealth Management LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,712 shares of the credit services provider’s stock after selling 265 shares during the period. Concentric Wealth Management LLC’s holdings in Mastercard were worth $4,302,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Goldstein Advisors LLC lifted its holdings in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the last quarter. McLean Asset Management Corp boosted its holdings in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after acquiring an additional 21 shares in the last quarter. Oldfather Financial Services LLC increased its holdings in Mastercard by 2.6% in the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares in the last quarter. Transcendent Capital Group LLC raised its position in Mastercard by 4.8% in the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares during the last quarter. Finally, Guerra Pan Advisors LLC boosted its stake in shares of Mastercard by 1.7% during the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 1.1 %

NYSE MA opened at $520.86 on Monday. The company has a market capitalization of $478.06 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $404.32 and a twelve month high of $534.03. The stock’s 50-day simple moving average is $506.91 and its two-hundred day simple moving average is $473.83. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the firm earned $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is presently 19.97%.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 21.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.